Microsoft and Salesforce Ventures Join as Strategic
Investors
Company Announces CEO Transition
REDWOOD CITY, Calif., Aug. 6, 2015 (GLOBE
NEWSWIRE) --Informatica Corporation, the world's number one
independent provider of data integration software, today announced
the successful completion of its acquisition by a company
controlled by the Permira funds and Canada Pension Plan Investment
Board (CPPIB). Additionally Informatica announced that Microsoft
Corporation and Salesforce Ventures have agreed to become strategic
investors in the company alongside the Permira funds and CPPIB. The
acquisition is valued at approximately $5.3 billion, with
Informatica stockholders receiving $48.75 in cash per share.
Informatica's stock will cease trading on the NASDAQ under the
ticker symbol INFA effective today.
Informatica today also announced leadership
changes. Sohaib Abbasi, chairman and former chief executive
officer, will continue to serve as chairman of Informatica. Anil
Chakravarthy, chief product officer, will now serve as the acting
chief executive officer of Informatica, effective immediately.
Bruce Chizen, former chief executive officer of Adobe, has joined
Informatica as a board member and as a special advisor to
Informatica.
"The Informatica goal remains to grow into a
multi-billion dollar leader in all things data. Now as a private
company, with a long view measured in years, not quarters, we will
have more flexibility and more time to implement our transformative
innovation roadmap and to evolve our business model," said Sohaib
Abbasi, chairman, Informatica. "To lead this exciting next phase, I
am pleased that Anil Chakravarthy is assuming his new role of
acting CEO. It is my distinct honor to also welcome Bruce Chizen,
former CEO of Adobe, to Informatica both as a board member and as a
special advisor. I have every expectation that the best years for
Informatica are yet to come."
"It is a privilege to lead the world-class
Informatica team in this promising new phase of growth as a private
company," said Anil Chakravarthy, acting chief executive officer,
Informatica. "Our transformative innovation roadmap includes four
distinct billion-dollar opportunities: cloud integration, next
generation big data integration, MDM solutions and data security.
And living our customer-first culture, we will evolve our business
model to match customers' preferences for pay-for-use subscription
offerings."
"Informatica is a billion-dollar category leader
with an outstanding record of innovation, customer success and
financial growth under Sohaib's leadership," said Brian Ruder, a
Permira Partner and Co-Head of the firm's Technology team. "As a
testament to the strength and promise of Informatica's business, we
are thrilled to welcome Microsoft and Salesforce Ventures as
investors and are excited to support Informatica as it consolidates
its position as one of the top software companies globally."
"We are very impressed by the long-term track
record of success and product leadership that Informatica has
achieved with Sohaib's guidance over the past 11 years," said Mark
Jenkins, Senior Managing Director & Global Head of Private
Investments, CPPIB. "We look forward to working with management,
including Anil as acting CEO, to support the Company in its vision
to become a multi-billion dollar leader in the broader data
integration space."
About Informatica
Informatica Corporation (Nasdaq:INFA) is the
world's number one independent provider of data integration
software. Organizations around the world rely on Informatica to
realize their information potential and drive top business
imperatives. Informatica is focused on delivering transformative
innovation for the future of all things data. Worldwide, over 5,800
enterprises depend on Informatica to fully leverage their
information assets residing on-premise, in the Cloud and on the
public internet including across social networks. For more
information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or
visit www.informatica.com. Connect with Informatica at
http://www.facebook.com/InformaticaCorporation,
http://www.linkedin.com/company/informatica and
http://twitter.com/InformaticaCorp.
About Permira
Permira is a global investment firm that finds and
backs successful businesses with ambition. Founded in 1985, the
firm advises funds with a total committed capital of approximately
€25 billion. The Permira funds make long-term investments in
companies with the objective of transforming their performance and
driving sustainable growth. In the past 30 years, the Permira funds
have made over 200 private equity investments in five key sectors:
Consumer, Financial Services, Healthcare, Industrials and
Technology. Permira employs over 200 people including 120
investment professionals in 14 offices across North America,
Europe, the Middle East and Asia. For more information visit:
www.permira.com.
Permira established itself in North America in
2002 and today has offices in New York and Menlo Park. The Permira
funds have a long track record of successfully investing in
technology companies around the world including NDS, Genesys,
Ancestry.com, TeamViewer, Renaissance Learning, Metalogix,
LegalZoom.com, and Teraco. Since 1997, over 33% of the Permira
funds' investments have been in the core sector of Technology.
About Canada Pension Plan
Investment Board
Canada Pension Plan Investment Board (CPPIB) is a
professional investment management organization that invests the
funds not needed by the Canada Pension Plan (CPP) to pay current
benefits on behalf of 18 million contributors and beneficiaries. In
order to build a diversified portfolio of CPP assets, CPPIB invests
in public equities, private equities, real estate, infrastructure
and fixed income instruments. Headquartered in Toronto, with
offices in Hong Kong, London, Luxembourg, New York City and São
Paulo, CPPIB is governed and managed independently of the Canada
Pension Plan and at arm's length from governments. At March 31,
2015, the CPP Fund totalled C$264.6 billion. For more information
about CPPIB, please visit www.cppib.com.
About Salesforce Ventures
Salesforce Ventures-Salesforce's corporate
investment group-invests in the next generation of enterprise
technology to help companies connect with their customers in
entirely new ways. Portfolio companies receive funding as well as
access to the world's largest cloud ecosystem and the guidance of
Salesforce's innovators and executives. With Salesforce Ventures,
portfolio companies can also leverage the expertise of the
Salesforce Foundation to incorporate its 1-1-1 model of integrated
philanthropy to make giving back part of their business model.
Salesforce has invested in more than 100 enterprise cloud startups
since 2009. For more information, please visit
www.salesforce.com/ventures.
Note: Informatica and
Informatica Cloud are trademarks or registered
trademarks of Informatica Corporation in the United States and in
jurisdictions throughout the world. All other company and product
names may be trade names or trademarks of their respective
owners.
CONTACT: For Informatica:
Debbie
O'Brien
Informatica
Corporation
Global
Communications
+1 650 385 5735 -
office
+1 650 995 6736 -
mobile
dobrien@informatica.com
Stephanie
Wakefield
Informatica
Corporation
Investor
Relations
+1 650 385
5261
swakefield@informatica.com
For
Permira:
Noemie de
Andia
Head of
Communications
+44 20 7632
1159
noemie.deandia@permira.com
Sard Verbinnen
& Co
Brooke Gordon /
Nathaniel Garnick/ Megan Bouchier
+1 212 687 8080/+1
415 618 8750
For
CPPIB:
May
Chong
Director,
Communications
(416)
868-8657
mchong@cppib.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Informatica Corporation via Globenewswire
HUG#1944208
(MM) (NASDAQ:INFA)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
(MM) (NASDAQ:INFA)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024